CME Dairy Price Flash

MD_DA997                                                                                  
DA                                                                                        
MD DA997 CME Group - Daily Cash Trading - Week to Date                                    
                                                                                          
                                                                                          
MADISON, WI.  May 2, 2012 (REPORT 18)                                                     

      CME Group, CHICAGO, IL                                                              
                                                                                          
   Daily Cash Trading on Wednesday, May 2, 2012                                           
                                                                                          
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                 :            CLOSE          :        CHANGE                              
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CHEESE                                                                                    
                 :                           :                                            
  BARRELS        :            $1.4950        :         .0300                              
                 :                           :                                            
  40# BLOCKS     :            $1.5350        :          N.C.                              
                 :                           :                                            
NONFAT DRY MILK                                                                           
                 :                           :                                            
  EXTRA GRADE    :            $1.1075        :          N.C.                              
                 :                           :                                            
  GRADE A        :            $1.1475        :          N.C.                              
                 :                           :                                            
BUTTER                                                                                    
                 :                           :                                            
  GRADE AA       :            $1.3450        :        -.0100                              
                 :                           :                                            
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DAILY CASH CLOSES AND CHANGES                                    
                                                                 
COMMODITY     MONDAY    TUESDAY   WEDNESDAY   THURSDAY    FRIDAY 
              APR 30     MAY 01     MAY 02     MAY 03     MAY 04 
                                                                 
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CHEESE                                                           
BARRELS      $1.4275    $1.4650    $1.4950                       
            (-.0075)   (+.0375)   (+.0300)                       
                                                                 
40# BLOCKS   $1.5350    $1.5350    $1.5350                       
             (N.C.)     (N.C.)     (N.C.)                        
                                                                 
NONFAT DRY MILK                                                  
EXTRA GRADE  $1.1075    $1.1075    $1.1075                       
             (N.C.)     (N.C.)     (N.C.)                        
                                                                 
GRADE A      $1.1475    $1.1475    $1.1475                       
             (N.C.)     (N.C.)     (N.C.)                        
                                                                 
BUTTER                                                           
GRADE AA     $1.3550    $1.3550    $1.3450                       
            (-.0050)    (N.C.)    (-.0100)                       
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Close represents US $ per pound. Change is price change from     
previous close. Information disseminated by USDA, Dairy Market   
News - Madison, WI                                               
1122C   (608) 278-4200                                           

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. U.S. 2012/13 corn export prospects cut as global trade boosted
3. Feed grain supply prospects lowered on delayed plantings
4. Corn conditions a tad better than last year
5. Brent crude oil dips before U.S. Fed meeting
6. Grain markets proved mixed on Monday

1. Cattle crush Calif. dairy worker
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Will Smith dethroned in latest Peterson Farm Bros. parody
5. WASDE: Corn price outlook lowered
6. Bush criticizes Farm Bill

1. Commentary: On the meaning of ‘natural’
2. Commentary: Clueless consumers
3. Commentary: Why should we care about the farm bill?